Tag Archives: formation
Where is the best place to form my new corporation?
The best answer is usually in the state where you intend to conduct most of your business or where you have an office or business presence. This is because if you incorporate in a different state than the one you … Continue reading
Posted in Formalities, Requirements
Tagged corporation, formation, location, organization, place, state
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What is a “professional corporation”?
Most states have statutes providing for incorporation by those performing specific types of professional services such as doctors, dentists, accountants, lawyers, architects, etc. These corporations are set up and operated similar to a regular corporation but there are a few … Continue reading
What is the difference between a “close corporation” and a “closely held corporation?”
A “closely held corporation” is a general term used to describe a smaller privately held corporation with few shareholders, usually family members or close associates. On the other hand, some states have adopted special statutes for a “close corporation” which … Continue reading
Posted in Differences
Tagged close corporation, closely held corporation, formation, organization
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In which states are the most number of corporations formed?
The State of Delaware for many years had the distinction of having the most new corporations each year. Many Delaware corporations tend to be larger companies. Nevada now boasts that it is the state with the most new incorporations each … Continue reading
In what form do most small businesses operate?
Some new or start-up businesses operate as sole proprietorships due to the ease and low cost of starting up. However, if the business owner desires to operate in one of the legal forms or entities, the most common and practical … Continue reading
When a corporation is formed, can it operate in all states?
You must choose a state to incorporate in and once you incorporate; your corporation is considered a domestic corporation of that state. Each state has its own corporation laws and its own requirements for incorporation and your corporation is governed … Continue reading
Posted in Formalities, Requirements
Tagged companies, domestic corporation, foreign corporation, formation, laws, Requirements, state
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